Deduct every damn thing, underwear, cell phone that my boss calls me on. Internet is deducted in full due to the business, any extra items no sold are deducted. How does that answer your question? It doesn't but it gives you a legal avenue to reduce any tax bill you have.
I do not believe the 600$ is for 2021. The tax forms were already printed and ready to send out when he made that statement. It may be valid for 2022. You do get a tax exemption from you state and federal EIN. In my state at least, you can call the state capitol and get a very friendly and very helpful person that is in accounting that is for small businesses. Of the top of my head I fail to recall that dept name. But it (for me) is within the State portal.
I do it the Hillary way
Deduct every damn thing, underwear, cell phone that my boss calls me on. Internet is deducted in full due to the business, any extra items no sold are deducted. How does that answer your question? It doesn't but it gives you a legal avenue to reduce any tax bill you have.
I do not believe the 600$ is for 2021. The tax forms were already printed and ready to send out when he made that statement. It may be valid for 2022. You do get a tax exemption from you state and federal EIN. In my state at least, you can call the state capitol and get a very friendly and very helpful person that is in accounting that is for small businesses. Of the top of my head I fail to recall that dept name. But it (for me) is within the State portal.
Just my measly $0.01 Just I feel for you.